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A leading producer and exporter of iron ore and pellets, Vale has mining operations in 21 countries.
Very strong company operating in Brazil. Even when the slowdown in Chinese construction occurs (which it inevitably will), the company could grow in the Brazilian market where the construction market is beginning to boom too. There should be no shortage in demand around the world for their products so I don't see this dropping much further, especially with the low valuation at around a P/E of 5.
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